Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan Sells 6,012 Shares

Power Integrations, Inc. (NASDAQ:POWI) CEO Balu Balakrishnan sold 6,012 shares of Power Integrations stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $58.26, for a total transaction of $350,259.12. Following the completion of the transaction, the chief executive officer now directly owns 605,365 shares in the company, valued at approximately $35,268,564.90. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Balu Balakrishnan also recently made the following trade(s):

• On Tuesday, February 4th, Balu Balakrishnan sold 12,507 shares of Power Integrations stock. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48.

Power Integrations Price Performance

POWI traded up $0.48 during trading on Tuesday, reaching $58.34. 369,370 shares of the stock traded hands, compared to its average volume of 464,369. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $81.50. The stock’s 50-day simple moving average is $62.14 and its two-hundred day simple moving average is $62.95. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 102.35, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 7.69% and a return on equity of 4.49%. Research analysts anticipate that Power Integrations, Inc. will post 0.9 earnings per share for the current fiscal year.

Power Integrations Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Institutional Investors Weigh In On Power Integrations

Several institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Power Integrations by 55.6% during the third quarter. Van ECK Associates Corp now owns 34,431 shares of the semiconductor company’s stock valued at $2,138,000 after buying an additional 12,297 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Power Integrations by 97.5% during the 3rd quarter. GSA Capital Partners LLP now owns 26,028 shares of the semiconductor company’s stock valued at $1,669,000 after acquiring an additional 12,847 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after acquiring an additional 28,548 shares in the last quarter. UMB Bank n.a. lifted its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Power Integrations by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 27,016 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Susquehanna decreased their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.